DATA MUSE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DATA MUSE
Largest movements
- Cash -€74,022
down €74,022 (-51.1%), from €144,749 to €70,728
mainly Contributions, distributions and other (-€126,084) and Other debts (-€63,594)
- Receivables within one year -€10,043
down €10,043 (-19.4%), from €51,794 to €41,751
of which Other amounts receivable: -€10,515
- Tangible fixed assets -€8,659
down €8,659 (-21.7%), from €39,871 to €31,212
of which Furniture and vehicles: -€5,778
- Other debts -€63,594
down €63,594 (-33.2%), from €191,369 to €127,775
- Profit (loss) carried forward -€31,985
no longer reported in 2025 (was €31,985)
- Tax, wage and social debts +€3,767
up €3,767 (+33.7%), from €11,175 to €14,943
- Gross operating margin +€23,052
up €23,052 (+20.5%), from €112,474 to €135,526
- Taxes +€12,174
up €12,174 (+62.5%), from €19,485 to €31,658
- Depreciation +€5,778
up €5,778 (+200.5%), from €2,881 to €8,659
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,366 | €145,247 | -€92,119 | -38.8% |
| Fixed assets | 21/28 | €39,871 | €31,212 | -€8,659 | -21.7% |
| Tangible fixed assets | 22/27 | €39,871 | €31,212 | -€8,659 | -21.7% |
| Furniture and vehicles | 24 | €14,676 | €8,898 | -€5,778 | -39.4% |
| Other tangible fixed assets | 26 | €25,195 | €22,314 | -€2,881 | -11.4% |
| Current assets | 29/58 | €197,495 | €114,035 | -€83,460 | -42.3% |
| Amounts receivable within one year | 40/41 | €51,794 | €41,751 | -€10,043 | -19.4% |
| Trade receivables | 40 | €41,279 | €41,751 | +€472 | +1.1% |
| Other amounts receivable | 41 | €10,515 | - | -€10,515 | |
| Cash at bank and in hand | 54/58 | €144,749 | €70,728 | -€74,022 | -51.1% |
| Deferred charges and accrued income | 490/1 | €951 | €1,556 | +€604 | +63.6% |
| Total equity and liabilities | 10/49 | €237,366 | €145,247 | -€92,119 | -38.8% |
| Equity | 10/15 | €34,485 | €2,500 | -€31,985 | -92.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,985 | - | -€31,985 | |
| Amounts payable | 17/49 | €202,881 | €142,747 | -€60,134 | -29.6% |
| Amounts payable within one year | 42/48 | €202,867 | €142,747 | -€60,120 | -29.6% |
| Trade debts | 44 | €322 | €29 | -€294 | -91.1% |
| Suppliers | 440/4 | €322 | €29 | -€294 | -91.1% |
| Taxes, remuneration and social security | 45 | €11,175 | €14,943 | +€3,767 | +33.7% |
| Taxes | 450/3 | €11,175 | €14,943 | +€3,767 | +33.7% |
| Other amounts payable | 47/48 | €191,369 | €127,775 | -€63,594 | -33.2% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,881 | €8,659 | +€5,778 | +200.5% |
| Other operating charges | 640/8 | €545 | €806 | +€261 | +47.8% |
| Gross operating margin | 9900 | €112,474 | €135,526 | +€23,052 | +20.5% |
| Operating profit (loss) | 9901 | €109,048 | €126,061 | +€17,013 | +15.6% |
| Financial charges | 65/66B | €96 | €303 | +€207 | +216.9% |
| Recurring financial charges | 65 | €96 | €303 | +€207 | +216.9% |
| Profit (loss) for the period before taxes | 9903 | €108,952 | €125,758 | +€16,806 | +15.4% |
| Income taxes | 67/77 | €19,485 | €31,658 | +€12,174 | +62.5% |
| Profit (loss) for the period | 9904 | €89,467 | €94,099 | +€4,632 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,467 | €94,099 | +€4,632 | +5.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.